Off-Market Property at 219 Danube Ave, Tampa, FL 33606
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Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $375 per day, based on similar listings in the area. Estimated short-term cap rate of 1.7%. Exceptional Triplex on Davis Islands. First time offered. This expansive two-story duplex features two well-appointed 2-bedroom, 1-bath apartments, each offering 1,300 sq. ft. of living space. Additionally, there is a separate building that includes a charming studio apartment. The upstairs unit is ideally suited for an owner-occupied residence. OR a condo-conversion. The property boasts an on-site laundry room and an attached two-car covered carport. With hardwood and terrazzo/tile flooring throughout and central air conditioning, this solid concrete building has maintained a 100% occupancy rate for over 30 years, although the current rents are below market value, presenting a significant opportunity for value enhancement. The existing tenants are on month-to-month leases, with one unit currently occupied and two units vacant, allowing for immediate remodeling or resetting. Please note there was water intrusion from Hurricane Helene in the first-floor units. This property represents an excellent opportunity to customize as a rental investment or primary residence. The zoning is RM-24, and the lot size measures 63 x 100.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$12605
Bedrooms
4
Bathrooms
3
SQFT
3,459
Furnished
N/A
Year built
1952
Listing Status
Off Market
MLS
TB8311892

Short-term Rental Potential
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$92,628

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$287

Price/SQFT